Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative

Singapore,
Singapore,
May
15th,
2024,
Chainwire

A
major
event
in
Cosmos
is
the
recent
passing
of
Governance
Proposal
No.917:
a
request
by
Dora
Factory
and
DoraHacks
for
a
$1
million
grant
from
the
Cosmos
Hub
community
treasury.
This
grant
will
support
ten
rounds
of
Quadratic
Funding
within
the
Cosmos
Hub
ecosystem
over
the
next
two
years.

As
one
of
the
largest
treasury
funding
applications,
this
proposal
sparked
extensive
discussions
within
the
Cosmos
community
and
received
overwhelming
support.
Over
$1
billion
worth
of
ATOM,
including
major
validators
and
core
Cosmos
contributors,
voted
in
favor.
The
approval
rate
reached
91.9%,
making
Gov
Proposal
917
the
motion
with
the
highest
approval
rating
in
the
Cosmos
Hub’s
history. 

Following
the
approval
of
this
proposal,
Dora
Factory,
in
collaboration
with
DoraHacks,
has
officially
announced
the
second
AEZ
(ATOM
Economic
Zone)
quadratic
funding
program,
marking
the
launch
of
the
first
long-term
funding
initiative.
This
quadratic
funding
program
will
span
two
years,
starting
May
15,
2024,
and
ending
May
2026.

The
passing
of
Gov
Proposal
917
brings
native
Quadratic
Funding
to
the
Cosmos
Hub
for
the
first
time. 

What
is
Public
Goods
Funding?

Public
goods
funding
is
a
frequently
discussed
concept
within
the
Web3
industry.
Generally,
public
goods
refer
to
goods
or
services
that
are
available
for
everyone
to
use. 

In
crypto,
public
goods
can
include
blockchain
infrastructure,
storage,
developer
tools,
software
middleware,
and
user-facing
applications
such
as
block
explorers,
data
dashboards,
and
wallets.

Due
to
its
inherent
transparency
and
verifiability,
crypto
and
blockchain
are
ideal
tools
for
funding
public
goods.

However,
web3
public
goods
funding
also
faces
numerous
challenges.

• Lack
  of
  coordination
  among
  the
  various
  parties
  involved
  in
  public
  goods
  funding
  (foundations,
  institutions,
  DAOs,
  developers,
  and
  communities).
• A
  shortage
  of
  sustainable
  and
  effective
  funding
  mechanisms.
• Public
  goods
  funding
  is
  often
  perceived
  as
  not
  interesting.

Enter
Dora
Factory,
which
strives
to
build
infrastructure
that
enables
large-scale
adoption
of
public
goods
funding.

Dora
Factory:
Infrastructure
Born
for
Public
Goods

Dora
Factory
is
a
leading
decentralised
governance
infrastructure
and
multi-chain
public
goods
funding
protocol
stack,
incubated
and
supported
by
DoraHacks,
the
industry’s
developer
and
public
goods
funding
platform.
Its
products
include
Public
Good
Staking
infrastructure
and
Dora
Vota,
an
appchain
for
voting
and
governance
designed
to
empower
the
global
Hacker
Movement,
open-source
communities,
and
DAOs. 

Multi-Chain
Quadratic
Funding:
Aligning
Communities
and
Ecosystem
Builders

What
is
Quadratic
Funding?
Through
native-token
donations,
token-holder
communities
can
support
high-quality
early-stage
projects
and
public
goods
within
various
ecosystems,
fostering
better
collaboration
among
foundations,
communities,
and
developers. 

As
the
first
and
only
team
in
the
industry
to
develop
and
advocate
for
this
approach,
Dora
Factory
is
a
true
leader
in
multi-chain
quadratic
funding.
It
has
successfully
deployed
native
quadratic
funding
in
numerous
mainstream
crypto
ecosystems,
including
BNB
Chain,
Solana,
Polygon,
Aptos,
Cosmos
Hub,
Injective,
and
Avalanche.

Public
Good
Staking:
Providing
Sustainable
Funding
for
Public
Goods

In
late
2022,
Dora
Factory
introduced
the
concept
of
Public
Good
Staking.
By
operating
underlying
infrastructure
such
as
validators,
they
earn
native
block
rewards
that
are
continuously
used
to
fund
multi-chain
developers
and
public
goods
ecosystems.

Dora
Factory
has
promoted
public
good
staking
in
over
30
ecosystems’
mainnets
and
testnets,
achieving
a
TVL
(Total
Value
Locked)
of
over
$400
million,
providing
up
to
$10
million
in
sustainable
annual
funding.

In
the
future,
Dora
Factory
will
explore
ways
to
use
cryptocurrency
to
fund
cutting-edge
technology
fields
like
space
technology,
quantum
computing,
artificial
intelligence,
and
biomedical
research. 

Community
Incentive
Fund:
Making
Public
Goods
Funding
More
Fun

Dora
Factory
launched
the
Community
Incentive
Fund
to
make
the
public
goods
funding
process
more
engaging
and
fun.
Top
meme
and
NFT
projects
like
Celestia’s
Celestine
Sloth
Collection,
Injective
Ninja,
Aptos
Gui
Inu,
and
Aptos
Monkeys
have
become
partners
of
the
Community
Incentive
Fund.
Through
retroactive
airdrops
and
gamified
donations,
these
projects
have
brought
more
fun
to
public
goods
funding,
receiving
contributions
and
donations
from
nearly
100,000
unique
addresses
across
different
communities.

Anonymous
Minimum
Anti-Collusion
Infrastructure
(aMACI):
Bringing
Privacy
Technology
to
On-Chain
Public
Goods
Governance

MACI
is
a
cryptographic
technology
designed
to
maximize
the
detection
and
elimination
of
collusion
in
voting.
In
2022
and
2023,
the
Dora
Factory
team
collaborated
with
ETHDenver,
0x,
and
OpenSea
to
introduce
privacy
voting
to
crypto
hackathons.
MACI
has
significantly
improved
privacy
and
reduced
collusion
in
on-chain
governance
and
voting. 

In
2024,
Dora
Factory
launched
aMACI,
adding
voter
anonymity
to
eliminate
collusion
between
the
vote
initiator
and
the
operator.
This
further
enhances
privacy
and
lowers
the
usage
threshold
of
MACI
voting.
This
is
a
significant
step
towards
future
large-scale
decentralized
voting
systems. 

Dora
Vota:
Open
Infrastructure
for
Public
Goods
Funding

Dora
Vota
is
a
multi-chain
governance
and
voting
infrastructure.
Vota
and
interoperability
protocols
like
IBC
will
provide
modular
voting
and
governance
infrastructure,
such
as
plug-and-play
quadratic
funding
modules
and
grant
distribution
mechanisms.
As
the
first
permissionless
appchain
focused
on
scaling
on-chain
voting,
Dora
Vota
will
offer
developers
a
valuable
playground,
unlocking
more
possibilities
for
public
goods
funding
and
decentralized
community
governance.

Recently,
Dora
Factory
secured
strategic
financing
from
dao5,
Whampoa
Digital,
and
angel
investors
like
EigenLayer
co-founder
Calvin
Liu.
This
is
the
first
strategic
round
of
a
new
funding
series
since
Dora
Factory’s
$17.5M
raise
in
2021.

As
Dora’s
Public
Good
Staking
grows
and
Vota’s
ecosystem
matures,
the
team
believes
Dora
Factory
will
continue
exploring
new
solutions
to
traditional
funding
inefficiencies,
accelerating
the
maturity
of
governance
and
public
goods
funding
in
the
multi-chain
ecosystem.

Contact

Community
contributor
Chris
Lee
Dora
Factory
[email protected]